Press Release Announcement
Community Credit Union of Lynn to join Rockland Federal Credit Union Family
LYNN, MASSACHUSETTS & ROCKLAND, MASSACHUSETTS – Rockland Federal Credit Union (“Rockland FCU”) has entered a definitive merger agreement with Community Credit Union of Lynn (“Community CU”), a long-standing financial institution serving members of the northeastern Massachusetts community since 1955. This strategic partnership will expand Rockland CU’s footprint across Massachusetts while enhancing product and service offerings for the members of Community CU.
Under the terms of the agreement Community CU will merge into Rockland FCU, pending the approvals of the National Credit Union Association (NCUA) and the Massachusetts Division of Banks (DOB) and the vote of Community CU members. The combined credit union will have nearly $3.6 billion in assets, operate as a division of Rockland FCU, and will serve more than 200,000 members across 12 Massachusetts branches.
“Community CU embodies everything that is special about credit unions. Their caring delivery of services to their community has been a hallmark from the credit union’s very first days. We will honor and respect that record in everything that we do together,” said CEO Kristin VanBeek.
“Kris and his team at Rockland FCU possess the special combination of talent and heart required to continue to deliver for our members into a more complex and demanding environment for financial services” said Community CU CEO Nick Sarantopoulos.
“We are thrilled to be combining with such a high-quality institution as Rockland FCU,” commented Community CU Chairman Peter Katsos, adding that “Rockland FCU understands, respects and honors the special history and heritage of our brand and its members.”
“Together, we’re building something stronger—not just for our members, but for the communities we proudly serve,” Said Rockland FCU Chairman Bill Shamon.
Community CU members can expect a seamless transition with uninterrupted account access and the continued support of their familiar banking staff. When the merger is completed, members will have broader access to financial services and enhanced banking options, both online and in-person.
The partnership is expected to be finalized by March 31, 2026, following all required approvals and a vote of the Community CU membership.
Community CU is advised by Olden Lane Inc. of Bridgewater, New Jersey and the Demakis Law Offices. Styskal, Wiese & Melchoine, LLP serves as Rockland’s counsel for this transaction.
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About Rockland Federal Credit Union
Rockland Federal Credit Union, rated the Best Credit Union in MA by Forbes, is a financial cooperative dedicated to providing its members with accessible and affordable banking services. Serving more than 200,000 members with over $3.4 billion in assets, the credit union delivers a full range of personalized financial services designed to support members at every step of their financial journey.
About Community Credit Union of Lynn
Founded in 1955 by a group of visionary Greek-American leaders, Community CU has distinguished itself as a financial institution that cares about the local working people, their families, and small businesses. The credit union gives everyday people and immigrants a safe place to keep their money and offers low fees, personalized service, and the financial tools to put financial goals within reach.
Frequently Asked Questions
Why are you merging?
We are merging with Community Credit Union to better serve our members today and for the future. By joining forces, we will:
Expand our reach – You will have access to added branch locations, ATMs, and servicing areas.
Stay strong and competitive – the financial industry is changing rapidly. This merger ensure we have the scale, resources, and technology to continue offering the products, services, and resources you expect.
Enhance your experience – Together, we can provide more value, from innovative products to personalized services, while keeping our commitment to putting members first.
This merger is about strength, growth, and opportunity – so wherever life takes you, your credit union will be right there with you.
What does this mean for my accounts and services?
There will be no changes to your everyday banking experience. You can continue to bank with confidence knowing that:
- Your account and routing numbers will remain the same.
- Your online banking experience will stay the same, and your rates will not change.
- You’ll continue to see and work with the same friendly team members at our branches.
- Our member support services and branch hours will remain the same.
In short—everything you count on today will stay just as it is, with the added benefit of more resources and opportunities in the future.
Will there be any changes in leadership and employees?
There will be no changes to our leadership team or employee base. You will continue to be served by the same dedicated team members you know and trust.
Additionally, all Community CU employees will be offered employment with Rockland Federal Credit Union, ensuring consistency in the service and support you rely on.
Will there be branch location changes?
Yes. As part of this merger, we will be adding three new branch locations on the North Shore. This expansion will give you more convenient access to in-person service while continuing to support your everyday banking needs at our current branches.
Rockland FCU members’ access to these locations will be communicated in the future once the merger is complete.
Will Rockland FCU still be member-owned?
Yes. Rockland FCU will remain a member-owned federal credit union. That means our members—not outside shareholders—will continue to guide our mission and benefit from our success.
What will happen to my funds?
Your deposits will remain safe and secure. They continue to be federally insured by the National Credit Union Administration (NCUA) up to $250,000 per individual depositor and fully insured by the Massachusetts Share Insurance Corporation (MSIC) for amounts above the federal limit. There will be no interruption to your account access or deposit protection.
When will the merger happen?
Members of Community Credit Union will have the opportunity to vote later this year. Following a successful member vote and required regulatory approvals, the merger is expected to be finalized in early 2026.
Where can I find updates and more information?
We will continue to update this page with the latest information as the merger progresses. Be sure to check back regularly for news, timelines, and answers to additional questions.
For direct questions, please email [email protected]
